Digital Commerce Software Market by Deployment and Geography - Forecast and Analysis 2022-2026

The digital commerce software market share is expected to increase by USD 4.94 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.26%.

This digital commerce software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers digital commerce software market segmentation by deployment (on-premises and cloud) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The digital commerce software market report also offers information on several market vendors, including Adobe Inc., Chetu Inc., cleverbridge AG, Digital River Inc., eBay Inc., HCL Technologies Ltd., Intershop Communications AG, Kibo Software Inc., Kiva Logic, Oracle Corp., PEPPERI Ltd., Salesforce.com Inc., Sappi Ltd., Shopify Inc., Simbirsk Technology Ltd. , Tata Consultancy Services Ltd., Vendio Services LLC, Volusion LLC, International Business Machines Corp., and SAP SE among others.

What will the Digital Commerce Software Market Size be During the Forecast Period?

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Digital Commerce Software Market: Key Drivers, Trends, and Challenges

The growth of the e-commerce industry is notably driving the digital commerce software market growth, although factors such as data privacy and security concerns may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the digital commerce software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Digital Commerce Software Market Driver

One of the key factors driving growth in the digital commerce software market is the growth of the e-commerce industry. The growth of the e-commerce industry and its changing fulfillment requirements are the key factors leading to the rise in the demand for digital commerce software. The expedited delivery time of online orders in a competitive market is increasing pressure on retailers and businesses to adopt technological systems for efficient retail management. The e-commerce industry is expected to witness high growth in the coming years, owing to the increasing number of online shoppers. The significant shift in consumers purchasing behavior has given rise to the deployment of digital commerce software for efficient inventory management, order processing, selecting, packaging, and further shipment planning. Therefore, with the growth of the e-commerce industry, changes in the competitive landscape will drive end-users to use advanced fulfillment techniques and solutions, which, in turn, will increase the demand for digital commerce software.

Key Digital Commerce Software Market Trend

The evolving role of social media in e-commerce is another factor supporting the digital commerce software market share growth. The number of social shoppers is increasing rapidly. With the introduction of the Buy option in Facebook and Instagram Checkout, social media is playing a significant role in the growth of the e-commerce industry. This is a great opportunity for brands to focus on improving their position on social media, which is a great platform for brands to be discovered. With consumers spending more time on different types of social media platforms, e-commerce businesses can get help from Instagram influencers to increase their chances of getting discovered by their target audience. The evolving role of social media in e-commerce is likely to positively impact the growth of the global digital commerce software market during the forecast period.

Key Digital Commerce Software Market Challenge

The data privacy and security concerns will be a major challenge for the digital commerce software market during the forecast period. Various security risks and privacy concerns associated with the implementation of retail e-commerce hinder the adoption of digital commerce software. End-users need to spend more on effectively deploying cybersecurity processes and systems to make retail e-commerce more safe and secure. This increases the ownership and implementation costs of digital commerce software. Digital commerce software handles confidential data of customers, including contact details, future orders and contracts, shipping details, and details about other partner vendors. Hence, any security breach can be a significant risk in terms of financial losses and loss of customers and affect the brand reputation. These potential cybersecurity risks make end-users skeptical and hesitant in deploying digital commerce software. Hence, data privacy and security concerns are expected to hinder the growth of the global digital commerce software market.

This digital commerce software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global digital commerce software market as a part of the global IT consulting and other services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the digital commerce software market during the forecast period.

Who are the Major Digital Commerce Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Adobe Inc.
• Chetu Inc.
• cleverbridge AG
• Digital River Inc.
• eBay Inc.
• HCL Technologies Ltd.
• Intershop Communications AG
• Kibo Software Inc.
• Kiva Logic
• Oracle Corp.
• PEPPERI Ltd.
• Salesforce.com Inc.
• Sappi Ltd.
• Shopify Inc.
• Simbirsk Technology Ltd. 
• Tata Consultancy Services Ltd.
• Vendio Services LLC
• Volusion LLC
• International Business Machines Corp.
• SAP SE

 

This statistical study of the digital commerce software market encompasses successful business strategies deployed by the key vendors. The digital commerce software market is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their products and service offerings through a clear and unique value proposition to compete in the market.

Product Insights and News

• chetu.com - The company offers various application software development, web hosting solutions, IT infrastructure, products life cycle management services, and others

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The digital commerce software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Digital Commerce Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the digital commerce software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Digital Commerce Software Market?

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32% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for digital commerce software in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant shift in consumers purchasing behavior will facilitate the digital commerce software market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 outbreak has positively impacted the growth of the regional digital commerce software market. The significant shift in consumers purchasing behavior due to the pandemic is proving beneficial for the adoption of digital commerce software, as a huge number of people are opting for e-commerce for their shopping needs. Hence, the regional digital commerce software market is estimated to register steady growth during the forecast period.

What are the Revenue-generating Deployment Segments in the Digital Commerce Software Market?

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The digital commerce software market share growth by the on-premises segment will be significant during the forecast period. Large enterprises that have sufficient funds and existing equipment prefer on-premises digital commerce software. There are no threats related to cybersecurity, as the system is primarily controlled by the retailer/enterprise and not by any third party. Hence, the demand for conventional on-premise digital commerce software will continue to rise steadily during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the digital commerce software market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Digital Commerce market - The market share is projected to grow by USD 3.43 trillion with a CAGR of 15.93% during the forecast period 2021 to 2026.

Retail E-commerce Software market - The market share is expected to increase by USD 6.72 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 19.58%.

Digital Commerce Software Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 10.26%
Market growth 2022-2026	$ 4.94 billion
Market structure	Fragmented
YoY growth (%)	9.44
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 32%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Adobe Inc., Chetu Inc., cleverbridge AG, Digital River Inc., eBay Inc., HCL Technologies Ltd., Intershop Communications AG, Kibo Software Inc., Kiva Logic, Oracle Corp., PEPPERI Ltd., Salesforce.com Inc., Sappi Ltd., Shopify Inc., Simbirsk Technology Ltd. , Tata Consultancy Services Ltd., Vendio Services LLC, Volusion LLC, International Business Machines Corp., and SAP SE
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Digital Commerce Software Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive digital commerce software market growth during the next five years
• Precise estimation of the digital commerce software market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the digital commerce software industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of digital commerce software market vendors

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